Positives for gold from Kitco news yesterday Let's hope ESM catches this wave !!
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Investors of all ages, and especially millennials, should seek markets that will give them an unfair advantage. Doug Casey, founder of Casey Research, and Rick Rule, president of Sprott U.S., said that great opportunities lie in the gold mining sector, as well as emerging and frontier markets, like Africa.
“Gold stocks are very cheap now in both relative and absolute terms,” Casey said. “All these trillions of dollars that the government is creating has created bubbles.”
The emergence of millennial investors and traders on Robinhood and recent foray into the gold and mining sectors is likely to push mining stocks higher, perhaps even into a bubble, Casey noted.
“The mining business itself is a crappy industry for all kinds of reasons, but the good news is that it’s the most volatile class of stocks on the planet and [traders] will discover that since 1971 when gold was freed up there have been five major bull markets, especially in the junior stocks, when the market as a whole has gone ten to one. So, when the Robinhood guys discover that, they’re all going to pile onto these things.”
Rule echoes Casey’s sentiment about investing in mining stocks.
“A precious metals bull market, is something, as Doug suggests, that’s special to behold,” Rule said. “I think that we’re in the early innings of a bull market in precious metals and precious metals equities that will continue to reward investors extremely well.”